Caristo Diagnostics, the medical imaging company, has announced it has completed a multi-million-pound investment round.
The round was led by investor BGF, and existing investors including Oxford Sciences Innovation (OSI), Longwall Ventures and the Oxford Technology & Innovation Fund (OTIF).
The funding will be used to roll-out Caristo Diagnostic’s CaRi-Heart, a ground-breaking AI-based cardiovascular risk prediction technology, which has just received its CE mark accreditation and is available for use by doctors across the UK and Europe. The research that led to the CE mark accreditation was funded by the British Heart Foundation (BHF) and was undertaken at the University of Oxford.
CaRi-Heart transforms the diagnostic accuracy of coronary CT angiograms (CCTA), a test that is widely used to identify patients with suspected heart disease, but currently unable to identify the “ticking-time-bomb” arteries that lead to fatal heart attacks in future years.
Cardiovascular disease (CVD) is the world’s biggest killer, accounting for more than 30% of all deaths globally. Caristo Diagnostic’s technology was validated in a landmark BHF study involving over 4,000 patients, followed up to nine years after examination. Published in the Lancet, the study showed that at least one third of patients who underwent a routine CCTA that was thought to indicate a low risk, in fact had a much higher risk identified by CaRi-Heart and would have received different treatments.
Dr Cheerag Shirodaria, Chief Executive Officer and co-founder, Caristo Diagnostics, said: “The beauty of our technology is that it will not only save countless lives, but it is incredibly simple. CaRi-Heart analysis can be undertaken on any CT heart scan, hospitals don’t need to change equipment and patients don’t need another test. Physicians simply need to send their patient’s CT heart scan and they will then receive a CaRi-Heart score to guide patient management. It fits perfectly with a physician’s workflow.”